"Sunk costs": Project appraisal. Expenditure which has already taken place, or to which an organisation is already irrevocably committed, are sunk costs. Sunk costs are irrelevant to project appraisal: "Sunk costs don't count. "A common mistake in project appraisal and analysis is the inclusion - in error - of sunk costs in the analysis.
Loading conversations.
Similar or Related Terms
Statistics
286
Characters
52
Words
45.46
Flesch Reading Ease
11.2
Flesch Kincaid Grade